Markets turns optimistic, key indices positive
Suparna / 12 Feb 2015
The Indian markets witnessed a massive buying in today’s closing buzz. Power, Capital Goods, Healthcare and Auto indices lead today’s rally, and were up by 53/382/259 and 280 points respectively. Mid-caps and Small-Caps also extend their gains, and closed in green territory. The Nifty closed 84 points up at 8711 and the Sensex ended the day at 28805, up by 271 points.
The Indian markets witnessed a massive buying in today’s closing buzz. Power, Capital Goods, Healthcare and Auto indices lead today’s rally, and were up by 53/382/259 and 280 points respectively. Mid-caps and Small-Caps also extend their gains, and closed in green territory. The Nifty closed 84 points up at 8711 and the Sensex ended the day at 28805, up by 271 points
The advance-decline ratio on NSE was on the positive side as the day ended with 1617 shares in green and 1230 shares in the red zone.
Top Nifty Gainers: Dr Reddys Labs gained 5.67% in today’s trade followed by BHEL, Zee Entertain, Cipla and Ambuja Cement.
Top Nifty Losers: Jindal Steel closed the day lower by 2.94%, followed by Asian Paints, PNB, HUL and BPCL.
Most of the sectoral indices closed on a positive note. Power, Capital Goods, Healthcare and Auto indices lead today’s rally, and were up by 53/382/259 and 280 points respectively. While Mid-caps, Small-Caps indices closed in positive territory with gains of more than 1 per cent each. While FMCG ended on some negative note.
The Asian markets closed the day on a positive note. Nikkei was up by 327 points. While Hang Sang and Taiwan closed in the positive territory, up by 107 points and 34 points respectively. However Strait Times and KOSPI saw some profit booking in today’s session.
Buzzer: Dr Reddys Labs was up more than 5.67% on the bourses today and closed near the technical level of Rs 3330. If the stock opens above this level, it may touch the Rs 3350/3370 mark in the next few sessions.
Nifty Future took vital support around 8690/8660 levels. If it sustain above these level index may touch 8800 level.
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